Monday, July 30, 2012

Reader Question Freelancing SelfEmployed or LLC

George asks:
"I've been working as a freelancer for a while, and I'm getting to the point where I'm self-sufficient and taxes are becoming a problem. I know as a self-employed animator I have to handle all my tax expenses myself, but what if I register as an LLC or some other type of corporation? I've heard you can save a lot of money that way."
That can be true in some instances - but it really depends on your circumstances, and whether the benefits of registering as a corporation really outweigh the costs.

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